Indonesias central bank lowered its key interest rates unexpectedly on Wednesday to spur economic growth as inflation remains well within the target range amid strengthening rupiah exchange rate. The Board of Governors of Bank Indonesia, headed by Perry Warjiyo decided to cut the seven-day reverse repo rate by 25 basis points to 6.00 percent. This...
Indian shares gave up early gains to end modestly lower on Wednesday as investors waited for the U.S. Federal Reserves first cut to interest rates in more than four years. The odds of a super-sized Federal Reserve interest rate cut later in the day have diminished after data showed U.S. retail sales unexpectedly rose in...
Canadian stocks are likely to open on a subdued note Wednesday. The focus will be on the Federal Reserves monetary policy announcement, due later in the day. The Fed is widely expected to lower interest rates, but it is the size of reduction and the accompanying statement, which are in focus. In Canadian company news,...
The Malaysia stock market on Wednesday wrote a finish to the three-day winning streak in which it had gathered more than 25 points or 1.6 percent. The Kuala Lumpur Composite Index now rests just above the 1,660-point plateau and it may take further damage on Thursday. The global forecast for the Asian markets is negative...
The Singapore stock market on Wednesday snapped the seven-day winning streak in which it had surged more than 140 points or 3.9 percent. The Straits Times Index now sits just above the 3,590-point plateau and the losses may accelerate on Thursday. The global forecast for the Asian markets is negative after the Federal Reserve announced...
The Taiwan stock market on Wednesday halted the three-day winning streak in which it had rallied more than 810 points or 3.9 percent. The Taiwan Stock Exchange now sits just beneath the 21,680-point plateau and its likely to open in the red again on Thursday. The global forecast for the Asian markets is negative after...
The China stock market on Wednesday ended the three-day losing streak in which it had stumbled more than 40 points or 1.5 percent. The Shanghai Composite now sits just above the 2,715-point plateau although it may head south again on Thursday. The global forecast for the Asian markets is negative after the Federal Reserve announced...
Ahead of Wednesdays holiday for the Mid-Autumn Festival, the Hong Kong stock market had moved higher in four straight sessions, collecting more than 550 points or 3.2 percent along the way. The Hang Seng Index now sits just above the 17,660-point plateau although investors may lock in gains on Thursday. The global forecast for the...
The Indonesia stock market on Wednesday ended the three-day winning streak in which it had advanced more than 80 points or 1 percent. The Jakarta Composite Index now rests just beneath the 7,830-point plateau and its looking at a soft start again on Thursday. The global forecast for the Asian markets is negative after the...
The Canadian market extended gains to a fourth straight session and posted new record highs on Monday, with stocks from healthcare, technology and energy sectors moving higher. Several stocks from consumer discretionary, financials and industrials sectors too posted impressive gains. After opening modestly higher and moving in a tight range till noon, stocks gained in...